By John Glenday

Apple has suffered its largest single day fall in stock for three months as it slumped by six per cent during US trading, brought down by a wider slump in the technology sector.

The day started promisingly for the iPhone maker with its stock rising from $118.76 at the open to $119.25, these gains were swiftly wiped out during a later collapse to $111.27, equating to a loss in value of more than $30bn.

A sell off was precipitated by investment bank Morgan Stanley which abruptly changed its outlook for the firm’s prospects from ‘market weight’ to ‘underweight’, reducing its holding from Read full story ›

Source: The Drum